DislikedJust wandering how valid this 4h pin bar is. all that might have hapen is that traders took there profits off the table pryor to close of that 4h candle and re asses the situation. once they come down from there high i think comon sence will tell them that its crazy to long during this time and there for would look at entering shorts again. i know PA and candle formation is inportant but on this ocation, comon sence rules.Ignored
well, the thing that i have learnt abt trading over the past 3 yrs is to just follow the charts and not common sense....forget news, forget common sense...the price will go where it wants to go....so, just follow the charts..i might be wrong with this pin bar but this is just a lesson for me...
this 4H bar has bounced off a good support and so, for me, its valid...might be right ...might be wrong as well...
if common sense were to rule these markets, then trading would be so very easy...